The next few hours are, again, crucial in Greece. The victory of the OXI in the referendum is being quickly turned into its opposite. The government has sent a proposal to the Troika which in essence represents accepting what people rejected in the referendum on Sunday.

The Greek crisis is approaching a denouement. This marks a turning point for the working class of Greece and the whole of Europe. Last January Greece voted for a government that promised to end the austerity policies that have ruined the country. The election of Syriza gave hope to many people throughout Europe. But precisely for this reason, the political leaders in Brussels and Berlin decided to crush the new government, to humiliate it, to sabotage it and finally to bring about its overthrow.

Late on Sunday, June 28, the Greek government decided to introduce bank and capital controls until July 7. This is in response to the provocative moves by the Troika institutions aimed at sabotaging the planned referendum in Greece. The war is being escalated, even though some are pushing for a deal to be reached for fear of the catastrophic consequences of a Greek default for the world economy.